Islamic Banking

3 Jan 11
The review of tax treatment of Islamic Finance products is one of the main tax recommendation of the Report on Australia as a Financial Centre....
20 Dec 10
Great Eastern offers Islam-compliant insurance products and services to cater 60.4% of Malaysia's population of 28.3mln.
19 Dec 10
Maybank Syariah Indonesia part of Group’s aspiration to extend its Islamic banking operations regionally.
25 Nov 10
Th lender aims to provide world class service to customers by offering a complete Islamic finance.
24 Nov 10
AmIslamic Bank Berhad and Sabah Credit Corporation signed a US$31.9 million Islamic Banking Facilities agreement.
18 Nov 10
The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing...
9 Nov 10
Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.
28 Oct 10
The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.
22 Oct 10
Hiring of current Indonesian Islamic Banking Association chairman emphasizes Indonesia’s importance to the group.
4 Oct 10
Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.
21 Sep 10
First lender in Malaysia to offer home financing based on Ijarah concept.
6 Sep 10
Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.
26 Aug 10
Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.
20 Jul 10
Contributions will be managed to create continuous stream of funds towards charity programmes by YWM.
25 Jun 10
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
3 Jun 10
Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.
26 May 10
IB Asia suffered $77.1mln loss in 2009 and even planned earlier to cease lending operations entirely.
24 May 10
Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.
18 May 10
Lenders eye to dominate market share via more branches, innovative products.
13 Apr 10
Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.
7 Apr 10
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
11 Mar 10
Report showed lender as Malaysian leader in ROA with its $336.92mln net.
4 Mar 10
Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.
23 Feb 10
Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.
18 Feb 10
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
12 Feb 10
Optimism attributed to expanding branch network coupled with SME owners’ 24-point Q4 confidence level.
6 Jan 10
The last few years have experienced a rapid growth of Islamic banking and finance services around the globe.
21 Dec 09
DBS Islamic arm maintains commitment on bank's growth following CEO Vince Cook's quitting.
17 Dec 09
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
10 Dec 09
More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.
4 Nov 09
Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.
16 Sep 09
CIMB-Principal launched a tax-efficient alternative to traditional deposits, which provides potentially higher returns and allows withdrawal...
17 Aug 09
Maybank Islamic launched a Shariah-compliant trade finance solution tailor-made for middle market and corporate customers involved with commodity-...
17 Jul 09
For a minimum placement of S$10,000 or US$6887 for a 12-month tenure, clients can avail of Maybank Singapore's first Islamic term deposit.
26 May 09
Maybank Islamic is targeting US$566.7 million in deposits from its launch of two new financial products, within one year.
21 May 09
Hong Leong Islamic Bank posted a net profit after tax of US$15.473 million, up 15 percent year on year.Total distributable income was higher at US...
18 May 09
HSBC Amanah Malaysia has expanded branches within six months with the opening of its Shah Alam branch.It is the first locally incorporated foreign...